June 19, 2014

Company announcements: SEM, OIB, BGYEAR, IRETEX, HEXAGON, AKNIGHT

SEM - Changes in Sub. S-hldr's Int. (29B) - Columbia Management Investment Advisers, LLC ("CMIA")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company Name7-ELEVEN MALAYSIA HOLDINGS BERHAD  
Stock Name SEM  
Date Announced19 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140619-62011

Particulars of substantial Securities Holder

NameColumbia Management Investment Advisers, LLC ("CMIA")
Address225 Franklin Street, Boston, Massachusetts, 02110, United States of America
NRIC/Passport No/Company No.1451722-3
Nationality/Country of incorporationUnited States of America
Descriptions (Class & nominal value)Ordinary share of RM0.10 each
Name & address of registered holder(1) 1199SEIU Health Care Employees Pension Fund ("HCEPF")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America [managed by Columbia Wanger Asset Management, LLC ("CWAM")]

(2) Columbia Acorn Emerging Markets Fund ("CAEMF")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

(3) Wanger International ("WI")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

(4) Columbia Acorn International ("CAI")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired12/06/2014
318,100
 

Circumstances by reason of which change has occurredChange of the indirect/deemed interest of CMIA in the Company due to the following transactions:

(1) Acquisition of 10,100 ordinary shares of RM0.10 each by HCEPF.
(2) Acquisition of 50,300 ordinary shares of RM0.10 each by CAEMF.
(3) Acquisition of 21,300 ordinary shares of RM0.10 each by WI.
(4) Acquisition of 236,400 ordinary shares of RM0.10 each by CAI.
Nature of interestIndirect interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)67,356,300 
Indirect/deemed interest (%)5.46 
Total no of securities after change67,356,300
Date of notice17/06/2014

Remarks :
This Form 29B was received by the Company on 19 June 2014.


SEM - Changes in Sub. S-hldr's Int. (29B) - Columbia Wanger Asset Management, LLC ("CWAM")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company Name7-ELEVEN MALAYSIA HOLDINGS BERHAD  
Stock Name SEM  
Date Announced19 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140619-61680

Particulars of substantial Securities Holder

NameColumbia Wanger Asset Management, LLC ("CWAM")
Address227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America
NRIC/Passport No/Company No.04-3519872
Nationality/Country of incorporationUnited States of America
Descriptions (Class & nominal value)Ordinary share of RM0.10 each
Name & address of registered holder(1) 1199SEIU Health Care Employees Pension Fund ("HCEPF")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

(2) Columbia Acorn Emerging Markets Fund ("CAEMF")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

(3) Wanger International ("WI")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

(4) Columbia Acorn International ("CAI")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/06/2014
1,703,400
 

Circumstances by reason of which change has occurredChange of the deemed interest of CWAM in the Company due to the following transactions:

(1) Acquisition of 53,700 ordinary shares of RM0.10 each by HCEPF.
(2) Acquisition of 269,500 ordinary shares of RM0.10 each by CAEMF.
(3) Acquisition of 114,200 ordinary shares of RM0.10 each by WI.
(4) Acquisition of 1,266,000 ordinary shares of RM0.10 each by CAI.
Nature of interestIndirect interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)69,210,700 
Indirect/deemed interest (%)5.61 
Total no of securities after change69,210,700
Date of notice17/06/2014

Remarks :
This Form 29B was received by the Company on 19 June 2014.


SEM - Changes in Sub. S-hldr's Int. (29B) - Columbia Wanger Asset Management, LLC ("CWAM")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company Name7-ELEVEN MALAYSIA HOLDINGS BERHAD  
Stock Name SEM  
Date Announced19 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140619-61437

Particulars of substantial Securities Holder

NameColumbia Wanger Asset Management, LLC ("CWAM")
Address227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America
NRIC/Passport No/Company No.04-3519872
Nationality/Country of incorporationUnited States of America
Descriptions (Class & nominal value)Ordinary share of RM0.10 each
Name & address of registered holder(1) 1199SEIU Health Care Employees Pension Fund ("HCEPF")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

(2) Columbia Acorn Emerging Markets Fund ("CAEMF")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

(3) Wanger International ("WI")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

(4) Columbia Acorn International ("CAI")
227 W. Monroe Street, Suite 3000, Chicago, IL 60606, United States of America (managed by CWAM)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired13/06/2014
151,000
 

Circumstances by reason of which change has occurredChange of the deemed interest of CWAM in the Company due to the following transactions:

(1) Acquisition of 4,800 ordinary shares of RM0.10 each by HCEPF.
(2) Acquisition of 23,900 ordinary shares of RM0.10 each by CAEMF.
(3) Acquisition of 10,100 ordinary shares of RM0.10 each by WI.
(4) Acquisition of 112,200 ordinary shares of RM0.10 each by CAI.
Nature of interestIndirect interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)67,507,300 
Indirect/deemed interest (%)5.47 
Total no of securities after change67,507,300
Date of notice17/06/2014

Remarks :
This Form 29B was received by the Company on 19 June 2014.


OIB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameORIENTAL INTEREST BERHAD  
Stock Name OIB  
Date Announced19 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140619-92206

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionACQUISITION BY OIB PROPERTIES (PRV) SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF OIB, OF SIX (6) PARCELS OF FREEHOLD LAND WITH TOTAL GROSS LAND AREA MEASURING APPROXIMATELY 25.5104 HECTARES (2,745,913 SQUARE FEET) FROM JENDERAM PROPERTY SDN. BHD. (“VENDOR”) FOR A TOTAL CASH CONSIDERATION OF RM38,191,800.64

Kindly refer to the attachment marked "OIB-PRV-SPA-Jenderam-F.pdf" for details of the announcement.

Attachments

OIB-PRV-SPA-Jenderam-F.pdf
332 KB



BGYEAR - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameBINA GOODYEAR BERHAD  
Stock Name BGYEAR  
Date Announced19 Jun 2014  
CategoryGeneral Announcement
Reference NoCM-140619-59259

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionBINA GOODYEAR BERHAD (“BGB” or “the Company”)
HONG LEONG MARKETING SDN BHD (formerly, Hume Marketing Co Sdn Bhd) (“Hume”) v. BGB (Shah Alam Sessions Court Summons No. B52-34-04/2013)

Further to the Company’s announcement on 25 April 2014, the Board of Directors of BGB wishes to announce that the above matter is now fixed for further Case Management on 18 September 2014.

This announcement is dated 19 June 2014.



IRETEX - Changes in Director's Interest (S135) - See Toh Kean Yaw

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced19 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140619-63988

Information Compiled By KLSE

Particulars of Director

NameSee Toh Kean Yaw
Address20 Lintang Delima 12, Island Glades, 11700 Penang.
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
17/06/2014
100,000
0.135 
Disposed
18/06/2014
87,500
0.145 

Circumstances by reason of which change has occurredOpen market disposal
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)307,187 
Direct (%)0.52 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice19/06/2014

Remarks :
1. This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
2. The above disposal represents 0.32% of the total 58,751,722 warrants.


IRETEX - Changes in Director's Interest (S135) - See Toh Kean Yaw

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced19 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140619-62928

Information Compiled By KLSE

Particulars of Director

NameSee Toh Kean Yaw
Address20 Lintang Delima 12,
Island Glades,
11700 Penang.
Descriptions(Class & nominal value)Ordinary shares of RM0.40 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
17/06/2014
10,000
0.730 
Disposed
18/06/2014
70,000
0.750 

Circumstances by reason of which change has occurredOpen market disposal
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)525,000 
Direct (%)0.45 
Indirect/deemed interest (units)74,000 
Indirect/deemed interest (%)0.06 
Date of notice19/06/2014

Remarks :
1. This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
2. The above disposal represents 0.07% of the total issued and paid up capital of RM47,001,400.00 divided into 117,503,500 Ordinary Shares of RM0.40 each.


HEXAGON - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON  
Date Announced19 Jun 2014  
CategoryGeneral Announcement
Reference NoCM-140618-64825

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHEXAGON HOLDINGS BERHAD (“HHB” or “Defendant”)
Writ and Statement of Claim by Hong Leong Bank Berhad (previously EON Bank Berhad) (“HLB” or “Plaintiff”)

Further to the announcements made on 27 November 2013, 17 December 2013, 7 February 2014, 10 March 2014, 20 March 2014, 18 April 2014, 9 May 2014 and 9 June 2014 and the Case Management held on 6 March 2014 and 20 March 2014 and also Hearing held on 17 April 2014, 9 May 2014, 6 June 2014 and 18 June 2014, the Board of Directors of HHB wishes to announce that the Court has fixed this matter for Final Decision cum Clarification on 26 June 2014 for parties to update the Court about the issue of Settlement.

Further announcement on the material development of the above matter will be made in due course.

This announcement is dated 19 June 2014.



HEXAGON - PRACTICE NOTE 17 / GUIDANCE NOTE 3:SUSPENSION AND/OR DELISTING

Announcement Type: General Announcement
Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON  
Date Announced19 Jun 2014  
CategoryGeneral Announcement
Reference NoCM-140619-53788

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
SUSPENSION AND/OR DELISTING
DescriptionHEXAGON HOLDINGS BERHAD (“HEXAGON” or “the Company”)
Appeal against De-listing under Paragraph 8.04 of the Bursa Malaysia Securities Berhad (“Bursa Securities”) Main Market Listing Requirements

Reference is made to the announcements made on 5 May 2014, 12 May 2014 and 14 May 2014, the Board of Directors of HHB wishes to announce that the Company had on 19 June 2014 received a reply from Bursa Securities.

After due consideration of all facts and circumstances of the case including the written and oral representations of the Company and the following:-

(i) The Company had identified a white knight which had indicated its commitment that it would execute the definitive agreement with HEXAGON and act as the Company's white knight once the debt settlement agreement involving Polymer Composite Asia Sdn Bhd (PCA) were executed by all the financial lenders and the debt settlement scheme was implemented;

(ii) The proposed debt settlement of PCA was approved by the Corporate Debt Restructuring Committee vide letter dated 23 May 2014 and the Company had managed to secure the agreement in principle of more than 80% of the unsecured financial lenders of PCA; and

(iii) The representations by the Company that:-

M&A Securities Sdn Bhd is agreeable to act as the Company's Principal Adviser in respect of the proposed restructuring of HEXAGON; and

the Company would be able to complete the debt settlement scheme and meet the targeted timeline to make the Requisite Announcement and submit the regularisation plan,

Bursa Securities decided to grant HEXAGON an extension of time up to 31 August 2014 as requested to submit the regularisation plan to the relevant authorities for approval ("the Extended Timeframe") subject to the Company making the Requisite Announcement by 30 June 2014.

Bursa Securities further decided to de-list the securities of the Company from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Bursa Securities Main Market Listing Requirements ("Main LR") in the event:-

(i) the Company fails to make the Requisite Announcement on or before 30 June 2014;

(ii) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 31 August 2014;

(iii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

(Iv) the Company does not succeed in its appeal; or

(v) the Company fails to implement its reqularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

Upon occurrence of any of the events set out in (i) to (v) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of 2 market days from the date the Company is notified by Bursa Securities or such other date as may be specified by Bursa Securities.

In arriving at the aforesaid decision to de-list the Company upon occurrence of any of the events set out in (i) to (v), Bursa Securities had considered, amongst others, the following factors:-

(1) HEXAGON had failed to regularise the Company's financial condition in accordance with paragraph 8.04 of the Main LR and PN17;

(2) The Company had started reporting losses since financial year ended ("FYE") 31 March 2010 as noted from HEXAGON's financial results from the FYE 31 March 2010 to FYE 31 December 2013 (as extracted from the Company's audited accounts) as set out below:-

Item

Audited FYE (RM’000)

31/3/2010

31/3/2011

1/4/2011 – 31/12/2012

31/12/2013

Revenue

414,276

346,692

298,580

3,748

Net profit / (loss) after tax

(6,605)

(45,986)

(75,536)

(89,544)

Net profit / (loss) after tax after minority interest

(4,406)

(46,995)

(76,021)

(89,544)

Shareholders’ fund-net asset / (liability)

100,650

52,815

(22,010)

(111,554)

Total Borrowings

233,743

262,369

38,367

40,775

Gearing

2.32

4.97

n/a

n/a

Net current assets / (liabilities)

52,112

(1,587)

(23,190)

(112,432)

(3) All PN17 companies are required to regularise their financial condition and level of operations expeditiously within the timeframes prescribed in paragraph 8.04 of the Main LR and PN17 or extended timeframe as may be granted by Bursa Securities;

(4) The requirement for companies to have an adequate level of financial condition and level of operations serves to ensure that companies listed on the Official List are of a certain minimum quality. Companies that have a minimum level of financial condition and level of operations serve to preserve and sustain market integrity and investors' confidence; and

(5) In the opinion of Bursa Securities, adequate time and opportunity had been accorded to HEXAGON to regularise the Company's financial condition since HEXAGON's First Announcement on 28 February 2013.

This announcement is dated 19 June 2014.



AKNIGHT - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameASIA KNIGHT BERHAD  
Stock Name AKNIGHT  
Date Announced19 Jun 2014  
CategoryChange in Audit Committee
Reference NoCT-140619-41BF0

Date of change19/06/2014
NameOOI TSE PIAO
Age53
NationalityMalaysian
Type of changeResignation
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
Qualifications13/1/1991 - Bachelor of Business (Accounting and Marketing)
University of Southern Queensland
7/12/1991 - Member of Persatuan Insurans Nyawa Malaysia
15/1/1992 - Associate Member of Australian Society of Certified
Practising Accountants (ASCPA) / Now, known as
CPA Australia
3/3/1993 - Certified Practising Accountant of CPA Australia
17/9/1993 - Public Accountant (PA) of Malaysia Institute of
Accountants
30/1/1996 - Associate of Malaysian Institute of Taxation (MIT)
15/12/2008 - Fellow Member of CPA Australia
4/9/2000 - Certificate in investment linked life insurance by the
Malaysia Insurance Institute
4/2/2003 - Certified Financial Planner of Financial Planning
Association of Malaysia (FPAM)
10/7/2006 - Fellow member of Malaysia Institute of Taxation (MIT)
2/11/2009 - Executive Certificate in Fundamentals of Islamic Finance
by MIA & INCEIF (The Global University of Islamic
Finance)  
Working experience and occupation He is the Managing Partner of OTP and group of companies, involving
in auditing, accounting, taxation, company secretarial services,
investigation management and consultancy services. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiaries41,000 
Composition of Audit Committee (Name and Directorate of members after change)Mr Tan Teng Cheok (Chairman of Audit Committee, Independent Non-Executive Director), Mr Sukhinderjit Singh Muker (Member, Independent Non-Executive Director) and Mr Seah Cheong Wei (Member, Independent Non-Executive Director)


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